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20110711
20110711
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not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats say the fallback plan, this $2 trillion plus package that was partially negotiated in
very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were pedalling a bid on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under control. but to do that, we have to have some shared sacrifice
, hi, there, thomas. it seemed like forget hope for getting a big deal done in the arena of $4 tril john lion in tt decade was dwindling, but republicans would not accept a deal that big and they wanted $2 trillion over the next decade, but as you mentioned president obama came out today swinging, upping the ante saying he does indeed want a big deal done and if not now, when? and he essentially tried to assume the position of the adult in the room calling on the lawmakers to rip off the band-aids and eat the peas and call to action for democrats and republicans and calling the democrats to come to the table for entitlement reforms, and the republicans for rolling back the tax breaks for wealthy americans and big corporations, and it seemed like at the last of last week, the president and the speaker boehner may have been moving in the same direction, but then speaker boehner said we cannot support anything that looks like a tax increase. and so the president addressed that in his conversation today, and he said that any tax brea increases would not take effect immediately. >> when
that would have included up to a trillion dollars in new revenue. it seems like the republicans talk a big game about solving the nation's problem. but they are really only interested in one thing, that's winning back the white house. mitch mcconnell said this on fox news. >> the most important thing we want to achieve is for president obama to be a one-term president. >> that is true. that's my single most important political goal along with every active republican in the country. >> joining me now, is the independent senator from vermont, senator bernie sanders. senator, thank you for being here tonight. how do you explain the republicans unwillingness to compromise to get the big deal that they said they wanted, to put everything on the table. the president said fine now they back down. >> what they said is they would like everything on the table. so long as it means cuts to social security, medicare, medicaid, the needs of our children, and the environment. all of that is on the table. but if you asked billion airs it start paying a little bit more in taxes or if you do away with loop
that would have reduced spending by $4 trillion over the next decade. but if mr. boehner wanted to do a big deal, the majority leader eric cantor threw cold water all over it saying that the congressional republicans would reject any revenue increases as part of the deal. as for the president, he said that he is willing to take political hits from his own party, but not at the expense of struggling americans. >> i am prepared to take on significant heat from my party to get something done. i expect the other side should be willing to do the same thing if we are going to actually solve the problem, there are finite number of ways to do it. if you don't have revenues, it means you are putting more of a burden on the people who can least afford it. that's not fair. >> nbc's kristen welker is live at the white house. kristen, the president spoke about his willingness to take in his words significant heat from his own party in reaching a compromise, and he was clearly suggesting that the republicans must do the same, but will they? >> well, it is an interesting question at this point the two sid
jobs for christie's auction house, sure they are. for big, strong. >> i want to see numbers. you said millionaires and billionaires what he means are people making over $250,000. >> we already got the tax increases in obamacare. he has already passed taxes. now he wants taxes. >> name one tax increase? >> obamacare, conveniently not until 2014. >> not true. >> i give you credit. boehner is in a difficult spot because of the members of his con france that says he won't vote for anything, any kind of deal because we won't vote to raise the debt ceiling. he has to work with them. >> not all of you do not think it's a little difficult for boehner when people say nothing, absolutely nothing? grover norquist from k-street, he ought to be sent to gitmo as a terrorist for being a national. >> now you finally like gitmo. >> i like it for grover. that's for sure. >> can i make one other point? keep in mind the debt ceiling increase is not for the new spending but to pay for money appropriated by democrats and republicans alike. >> wait, wait, wait. what are you talking about? >> time-out. what
.5 trillion does not make any of the big issues go away. sooner or later republicans are going to have to swallow some revenue increases. host: what is the purpose of today's news conference from the president? caller: the purpose for the president is to set a delicate balance. on the one hand he wants to claim the political high ground, i assume, saying that he tried and pushed for historic bipartisan achievement. unfortunately, we will like it there. the reason is that republicans will not sign on to a bold, $1 trillion tax overhaul. so, he wants to show the voters that he is the big negotiator. everything that he said the revlon in 2008. but he does not want to poison the well to make these negotiations for the rest of the week. >> what is the main message coming from republicans going into this meeting? >> it would seem that their main message is probably going to stay the same period that we are for a big deal, but not a big tax increase. or any tax increase. once again they will be challenged to expand on this sharp rhetorical edge. id is a distinction without much of a differenc
of either of our two parties right now. and i think that is the big challenge right now. how do we basically develop a political platform and a mandate to do those four things. >> i would add a couple things. to what tom said which i basically agree with. but first there is a cultural element here. it's not just a problem in washington, it's a pblem in the culture. a nation where people have distrust of authority, don't trust government, unwilling to accept sacrice, feel very threatened, want pore government than they are willing to pay for, and so there has to be a gigantic education campaign to go under that. and then the second thing i would add, and tom talked about a hybrid politics, i uld say we'vead it. and we just have to rediscover it. and i go back perpeally to my hero alex aner hamilton who created this hrid politics it was not -- he got us out of the big government versus small government debat he stood for lited b energetic government to enhance social mobility. so people in the hamiltonian practise decision which include the wig party and the lincoln an republican party at the
that and in exchange for some minor tweaking of medicare, but nothing that really gives the republicans too big a win on that issue. and they would also argue, to gloria's point earlier, that you actually need this. this is not just a win for democrats, you need it because you need democratic votes to get this through because you're going to lose so many republicans who simply won't vote to extend the debt ceiling under any circumstances. so that's the calculus if you went with the middle deal, there would be an entirely different math for a tax reform package if you went with that larger deal that's more in the $4 trillion range. >> the irony here to me is that a larger deal would in many ways be easier to cut because it's so obvious what you would have to do. if you do a smaller deal, then you have to have eric cantor lay out by piece by piece by piece, cut by cut, by cut, what he would do if you don't have the revenue side of it. >> but to get the bigger deal, you need trust that they would actually then do comprehensive tax reform, rewrite the code so the republicans would make the case we didn't
. >> so, you think a grand bargain, the big deal the president is pursuing, $4 trillion in cuts over ten years, is it still possible or is it dead? >> we're going to try to get the biggest deal possible, the deal that's best for the economy, not justice in the short term, things that will help make sure americans get some tax relief they need right now, like extending the payroll tax cut, which is about $1,000 for the average family, but also things that will help make sure we have room to invest in our future and help bring those long-term deficits down over time. >> let me understand a couple bottom lines. does a tax increase, some kind of revenue increase, have to be part of this deal from the white house point of view? >> you have to have balance in the package for that to work. it's true economically and politically. republicans have told us from the beginning, they can't pass a debt limit increase, they can't pass a budget deal just with republican votes. they need democratic votes. it's going to take democrats and republicans in both houses to do something. that's the reason why p
warned failing to reach a deal would be catastrophic. >> we need to do something very big, very substantial to bring our long-term deficits down. >> arizona congressman is the co-chairman of the house progressive kau sus. thanks for joining us today. i want to play a little bit more sound from the president during his news conference and i want to get your thoughts. >> thank you. >> i do not see a path to a deal if they don't budge, period. if the basic proposition is it's my way or the highway, then we're probably not going to get something done because we've got divided government. >> how did he do? is the president digging in his heels? who do you think will blink first? >> i hope that essential programs that democratics have been supporting that we feel have been the only things that have been talked about, social security, medicare, medicaid that i hope he does dig in his heels. there has to be revenue generation. the tax policies of the republicans have got us into this mess, into this debt there is no job creation going on regardless of those tax cuts. we need jobs that's
a big misunderstanding. the 18-year-old placed what was feared to be a bomb near the beam structure in chicago's millennium park. it wasn't a bomb. it was two bricks duct taped together with wires hanging out of it, a prop from a sci-fi costume he wore to a convention. he was charged with disorderly conduct. a scare for defense secretary leon panetta. three rockets slammed into baghdad's green zone on day two of his visit there. the secretary is fine and no one else was hurt. panetta flew to baghdad from afghan t afghanistan and he's meeting with leaders there and meeting with u.s. troops. early wake-up call on the shuttle atlantis. >> ♪ i get knocked down i get back up again i get knocked down i get back up again ♪ >> seems like i just heard it on the radio yesterday. waking up to the song and today they will be supplying a supply module on the outside of the international space station using a robotic arm and they'll prepare for a space walk tomorrow. meantime, nasa keeping a close eye on some space degree that could come dangerously close to the space station. the duke and d
this is not a big deal? $800 million of aids has been suspended. >> both sides are working together on a number of things and pakistan is not happy with the pace of delivery of assistance. americans are not happy with the pace of delivery of certain deliverables from pakistan. it happens sometimes. right now because pakistan is a fledgling democracy and everything that happens there hits the media and there's an american domestic political context in which everything becomes an issue because of the way people react to your administration. this has become -- >> the reaction in pakistan to the u.s. decision to suspend at least for now $800 million in promised aid, a spokesman for the pakistani military saying in the past, we have not been dependent -- we have not been dependent on any external support for these operations. and they will. >> in 1999 there was no aid relationship. even though the u.s. and pakistan continued to work together albeit in a limited manner. it's not a good idea. it insults the people of pakistan. >> $800 million is a lot of money that can be used to build schools here in
Search Results 0 to 24 of about 25 (some duplicates have been removed)